2nd Sept 2010 – My take on CRUS and JSDA

This is my take on such a Bull night – JSDA and CRUS.

Input:

1. I have been monitoring this strong stock for months waiting for my opportunity.

Buy $	Sell $	Sell Short $	Buy Back $	Stop loss $	Profit / Losses
16.00				14.75

Reason for Buy / Sell / Sell Short / Buy Back:

1. It has been in parabolic increment since Feb.
2. Now it has made his correction by punch thru 200MA line and rebound back.
3. It has a clear buy point at the 200MA line which is $16.00
4. I am able to estimate a stop loss somewhere just below $15.00, which is less than 10% from my purchase price.

Lesson Learnt:

1. Very important. Entry when you think it has high safety net.
2. Enter when you know where you stop loss is.

Intraday Chart

Historical Chart

Input:

1. Have been monitoring this guy for quite some time.

Buy $	Sell $	Sell Short $	Buy Back $	Stop loss $	Profit / Losses
1.02				0.96

Reason for Buy / Sell / Sell Short / Buy Back:

1. I like its long term parabolic shape.
2. Long term chart has indicate that it is already embarking on the Up Trend.
3. It has gone to $0.90 (50MA line) and rebound. Seems to have some support at $1.00.
4. Honestly I don't feel very good about this pick!

Lesson Learnt:

1. -NA-

Intraday Chart

Historical Chart